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Analysts now expect consumers will delay purchasing 5G phones, opting instead for cheaper, still serviceable 4G devices as a coronavirus-induced recession looms.

Apple, Huawei boost market share as first-quarter China smartphone shipments fall: Canalys

Huawei grabbed 41.4% smartphone market share in China as shipments suffer a sharp decline in the first quarter.
The Twitter symbol is displayed at the post where the stock is traded on the floor of the New York Stock Exchange.

Twitter gains users, beats estimates but ad trends alarm investors

Twitter said daily users who can view ads also grew 24% to 166 million, about 2 million above estimates, as people looked to Twitter for information related to the virus.
The letter, signed by eight CEOs, won support from the German government amid concern that taxpayer money invested by a new state fund to prop up struggling start-ups could end up flowing to the world’s top search engine.

Cut us some slack, German travel start-ups tell Google

“Google has been a strong partner for us in better times, but ... our trust in them is shaken,” said Johannes Reck, CEO of GetYourGuide, which offers online bookings for walking tours and museum visits.
Tesla CEO has had some very controversial remarks about the pandemic. The Facebook CEO has been just the opposite

Clash of the titans: Zuckerberg praises lockdowns; Musk calls it fascism

Musk called the ‘de facto house arrest’ undemocratic and demanded for a free America
Facebook could launch a new cross-platform photo transfer tool

Facebook plans to address some US antitrust concerns with new cross-platform photo transfer tool

Facebook may soon allow users to transfer data stored on its servers to other platforms such as Google Photos. The feature will be initially available to users in the US and Canada.
Researchers can study Covid-19 tweets to track the spread of misinformation around the virus.

Twitter opens up data for researchers to study Covid-19 tweets

Twitter said that this access could also be used by approved applicants working on crisis management, emergency response or communication within communities, as well as those developing machine learning and data tools to help the scientific community understand Covid-19.
The company on Wednesday, April 29, 2020 reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period last year. Net income of $1.40 per share beat Wall Street expectations of $1.27 a share.

Microsoft revenue beats as remote work feeds cloud demand, boosts Teams

Microsoft also cited all-time-high engagement on its Xbox Live gaming service, with 19 million active users.
Samsung said that while work-from-home orders and the related growth in online learning would underpin demand for memory chips, the outlook for smartphones and TVs was bleak as consumers put off discretionary spending

Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs

The South Korean conglomerate joined other tech giants such as SK Hynix and Intel in declining to provide annual forecasts because of the uncertainty about the duration of the pandemic.
Meet Facebook Libra Association’s latest member: Checkout.com

Facebook Libra Association has a new member: Checkout.com, a payment processor

Vodafone Group PLC, Paypal Holdings Inc and Mastercard Inc have exited the association after running into global regulatory troubles.
Spotify now has 130 million paid subscribers

Spotify’s paid music subscriber base rises to 130 million, beats quarterly estimates

Spotify expects premium subscribers in the range of 133 million to 138 million in the second quarter of this year. The company, however, may have to weather the economic slowdown.

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